Market Curiosity: Exploring Markets And Systems

May 12, 2011

Long TSCO July 60 calls at 4.10 (update 2, May 13) +8%

Filed under: +06 to +25%, Long Calls — Tags: — Jeff Fitzmyers @ 12:13 pm

EDIT: I suppose it would be helpful to say why that’s a nice bar!
+ Kissed the EMA from above.
+ Has decently long lower wick.
+ Almost looks like a hammer.
+ Relatively low volume.
– Would be even better if it was a hammer or a narrow range 7 bar.

The conservative buy stop is at the top of that bar.

May 13: Sold partial profit +12%, then closed at 5%. Overall +8%.

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